Tag - Vivendi
Welcome to the Game Replay, the thrice-weekly look at the wider world of gaming by the staff of MacNN. In today's edition, Psyonix reveals it earned $110M in revenue from Rocket League so far, the head of Gameloft reportedly intends to step down following Vivendi's successful hostile takeover, Bungie will reveal the fourth Destiny expansion next week, and GOG allows players to import games into its library from Steam for free.
Welcome to the Game Replay, the thrice-weekly look at the wider world of gaming by the staff of MacNN. In today's edition, Vivendi reportedly gets closer to a hostile takeover of Gameloft, the studio behind No Man's Sky confirms the game is delayed until August, and fans discover hidden secrets within Doom's music.
The Delaware Chancery court has issued a ruling on a lawsuit, putting the pending sale of Vivendi's portion of Activision Blizzard back to its founders on hold. Activision is seeking to buy back 429 million shares of itself from Vivendi for $5.83 billion, with chief executive Bobby Kotick and chairman Brian Kelley will each purchase about 172 million shares of Activision stock.
Videogame developer and publisher Activision Blizzard announced yesterday that is has reached an agreement for a total of $8.17 billion with French media conglomerate Vivendi, effectively buying itself out of its partnership. Activision Blizzard is contributing $5.83 billion at $13.60 per share, with Blizzard CEO Bobby Kotick and Co-Chairman Brian Kelley purchasing 172 million company shares for $2.34 billion. Following the completion of the transaction, Activision Blizzard will be an independent company again, with the majority of its shares owned by the public.
ARCEP, the French telecom regulator, has said it is going to inspect low-cost wireless provider Iliad's backbone network to make sure it is compliant with its bandwidth licensing requirements. The action takes place after Iliad's competitors raised complaints about Iliad's network performance and customer service. Iliad, which operates its wireless service under the Free name brand, denied the claims, discounting them as false rumors.
The e-G8 summit in Paris brought pressure on French president Nicolas Sarkozy for his comments on technology. Having argued for "minimum rules" that would have prevented sites like WikiLeaks from getting hosting and previously backed France's infamous three-strikes law, he was followed by a panel that rejected his calls for tighter regulation. Google executive president recapped a previous stance and said he was looking for a "technological solution" to make both sides happy before turning to laws, noting it was virtually impossible for government to understand change as quickly.
The French government said Friday that it will hold a summit where big presences on the Internet such as Amazon, Facebook and Google will debate how countries can bring innovation to the web. The forum will be held on May 24 and 25 in Paris and is a part of French President Nicolas Sarkozy's plans. In attendance will be Facebook founder Mark Zuckerberg, Google Chairman Eric Schmidt and Amazon Chief Executive Jeff Bezos.
LimeWire on Thursday agreed to pay $105 million as part of its lawsuit settlement in what may be the last chapter in the company's history. The payout comes a quick week after a trial to determine the amount that should be paid to music label owners such as Sony, Vivendi, and Warner. The former peer-to-peer company said only that it was glad to be rid of the lawsuit.
France's Vivendi said on Sunday that it was buying Vodafone's 44 percent share of SFR. The deal, worth 7.95 billion Euros ($11.32 billion), gives it complete control of the carrier. It and Vodafone will keep running SFR as a joint venture for three years, after which Vodafone would have to either talk to another provider or enter on its own.
Comcast today confirmed late rumors and bought a 51 percent stake in NBC Universal that gives it control of the studio. The deal sees GE maintain a 49 percent stake and receive about $6.5 billion from Comcast; NBC Universal in turn is borrowing $9.1 billion to pay GE. While the new combined company doesn't yet have a name, but Comcast has created a second division known as the Comcast Entertainment Group that will handle the content aspects of the venture.